NOT LISTED FOR SALE

45 Ocean Ave Unit 7F Monmouth Beach, NJ 07750

Estimated Value: $704,545 - $851,000

1 Bed
1.5 Baths
-- Sq Ft
$750/mo HOA Fee

Last Sold August 27, 2018

Last sale price $425,000

Est. 82% increase in value since last sale

Current estimated payment $5,366/month

20 Days on Market

Highlights

  • Beach Front
  • Community Beach Access
  • Fitness Center
  • Monmouth Beach School District Rated A
  • Ocean View
  • Indoor Pool

About This Home

As of August 2018

Beachfront Living at The Shores in Monmouth Beach! This 1 bedroom 1.5 bath condo is very spacious with new wood floors and open floor plan! The unit is light and bright looking out over stunning views of the ocean and river with amazing balcony space. Truly a coastal oasis! 24 hour concierge, indoor and outdoor pools, in house cafe, gym, tennis and private beach. Close and convenient commute to NYC by car, bus, train and speed ferry. A must see!

Last Agent to Sell the Property

Kerrin O'Brien

O'Brien Realty, LLC License #1007851 Listed on: 07/20/2018

Last Buyer's Agent

Randi Dickman

Woodward Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,449

Lot Details

  • Beach Front

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Off-Street Parking

Property Views

  • Ocean
  • River

Home Design

  • Flat Roof Shape

Interior Spaces

  • 1-Story Property
  • Sliding Doors
  • Wood Flooring
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom
  • Primary Bathroom Bathtub Only

Pool

  • Indoor Pool
  • In Ground Pool
  • Outdoor Pool

Outdoor Features

  • Balcony
  • Deck

Schools

  • Monmouth Beach Elementary And Middle School
  • Shore Reg High School

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 34-00048-01-00007-06

Community Details

Overview

  • Association fees include trash, common area, exterior maint, fire/liab, mgmt fees, pool, snow removal, water
  • High-Rise Condominium
  • The Shores Subdivision
  • On-Site Maintenance

Amenities

  • Community Deck or Porch
  • Common Area
  • Community Center
  • Recreation Room

Recreation

  • Community Beach Access
  • Beach
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Snow Removal

Pet Policy

  • Cats Allowed

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,449

Lot Details

0

HOA Fees

$750 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • ResoPoolFeatures: In Ground, Indoor
  • Reso Association Amenities: Tennis Court, Professional Management, Controlled Access, Beach, Association, Exercise Room, Community Room, Deck, Swimming, Pool
  • Reso Association Fee Includes: Trash, Common Area, Exterior Maint, Fire/Liab, Mgmt Fees, Pool, Snow Removal, Water
  • Subdivision Name: The Shores
  • Architectural Style: High Rise, One Level Unit
  • Reso Interior Features: Sliding Door
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: Yes
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Interior Sliding Door: Yes
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Exterior Swimming: Yes
  • Common Elements Community Room: Yes
  • Common Elements Controlled Access2: Yes
  • Common Elements Exercise Room: Yes
  • Common Elements Pool4: Yes
  • Garage Underground Garage: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Exterior Maint: Yes
  • Fee Includes Pool3: Yes
  • Location Middle School: Monmouth Beach
  • Living Room Floor - Wood2: Yes
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Allowable Cats: Yes
  • Kitchen GraniteStone Counter: Yes
  • Kitchen Floor - Wood4: Yes
  • Exterior Tennis Court(s): Yes
  • Common Elements Tennis Court: Yes
  • PoolIndoor: Yes
  • Water Type Beachfront: Yes
  • Water Type Riverview: Yes
  • Common Elements Deck2: Yes
  • Style High Rise: Yes
  • Common Elements Beach: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Basement:None2: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Flat
  • Waterfront Features: Beachfront, Oceanfront, Oceanview, Riverview
  • Waterfront: Yes
  • Exterior Features: Balcony, Swimming, Tennis Court(s)
  • Exterior Features:Pool-In Ground: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Covered, Off Street, Underground
  • General Property Info:Garage: Yes
  • Parking:Covered2: Yes
  • ParkingOffStreet: Yes
  • Parking:Assigned: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Electric, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 750.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes
  • AssociationHOA Fee Includes:Water: Yes

Schools

  • Middle Or Junior School: Monmouth Beach

Lot Info

  • Parcel #: 34-00048-01-00007-06

MLS Schools

  • Elementary School: Monmouth Beach
  • High School: Shore Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2018
Closed on
Aug 27, 2018
Sold by
Thorsen Ronald A and Thorsen Rena
Bought by
Welcher Nancy
Seller's Agent
Kerrin O'Brien
O'Brien Realty, LLC
Buyer's Agent
Randi Dickman
Woodward Realty Group
Sold Price
$425,000
Current Estimated Value
$772,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,386
Avg. Annual Appreciation
8.58%

Purchase Details

Closed on
Aug 8, 2013
Sold by
Boyer Megan Thorsen
Bought by
Thorsen Ronald A and Thorsen Rena

Purchase Details

Closed on
May 20, 2003
Sold by
Ratzman Renee
Bought by
Thorsen Thorsen Ronald Ronald and Thorsen Rena

Purchase Details

Closed on
Apr 18, 2000
Sold by
Agustin Norman San
Bought by
Ratzman Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
8.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Welcher Nancy $425,000 Coastal Title Agency Inc
Thorsen Ronald A -- Fidelity National Title Ins
Thorsen Thorsen Ronald Ronald $267,500 --
Ratzman Renee $169,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ratzman Renee $135,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $425,000 0.0% --
09/22/2017 09/22/17 Rented $24,000 +8.0% --
10/01/2015 10/01/15 Rented $22,214 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,449 $714,500 $445,100 $269,400
2024 $6,449 $662,500 $402,800 $259,700
2023 $6,449 $626,100 $402,800 $223,300
2022 $5,627 $538,100 $323,300 $214,800
2021 $5,627 $443,100 $233,200 $209,900
2020 $5,051 $412,000 $222,600 $189,400
2019 $5,020 $417,600 $137,800 $279,800
2018 $4,052 $329,700 $108,800 $220,900
2017 $3,762 $296,700 $97,900 $198,800
2016 $3,853 $291,200 $96,100 $195,100
2015 $3,868 $307,700 $101,500 $206,200
2014 $4,159 $319,900 $135,600 $184,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21828772

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 34-00048-01-00007-06